Which term describes the ability to repay debt?

Creditworthiness

Explanation:

Creditworthiness is known to show or describe the ability of an individual to repay a loan or debt. Thus, this is usually as stated by the term of agreement of the financial obligation. Hence, creditworthiness depends on the credit history and credit score of the borrower.

the government i believe.

try something like republic or democracy joined or something because its talking about a election party.